The S&P500 had risen slightly in New York on Friday - to mark its biggest weekly increase in five years, Reuters reported - but Newmont Mining (US:NEM) and Freeport-McMoRan (US:FCX) both closed lower.
In Australian trade, the benchmark S&P/ASX200 index closed slightly higher today but miners weren't among the larger capitalised stocks making strong gains.
Copper miner Sandfire Resources (AU:SFR) fell more than 2.7% on no news and despite the copper spot price rising on Friday to US$7,191 per tonne on the London Metal Exchange.
BHP (AU:BHP) lost 0.2% ahead of releasing its half-yearly results tomorrow.
Rio Tinto (LN:RIO) closed almost 0.6% lower on Friday in London.
Gold was close to $1,348 per ounce on the spot market, about $10/oz lower that at this time on Friday but $25/oz higher than a week ago as investors are said to be hedging against inflation.
